MI post-secondary school bonds.
Flat 3%. Enter your amount.
Michigan licenses private trade, business, and post-secondary schools under the Proprietary Schools Act (PA 148 of 1943), and conditions the license on a surety bond filed with LEO. The bond protects students’ prepaid tuition if the school closes — minimum $5,000, sized to your unearned fees, at a flat 3%.
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Apply to filed in one sitting.
No underwriting queue for the standard proprietary-school bond — enter your amount, pay, and file with LEO. Here is the whole thing:
Apply online
Your school’s details, the bond amount LEO set, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with LEO
Submit the executed bond with your proprietary-school license application or renewal. Wet-ink originals mailed whenever the state insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure LEO set and the premium updates.
What it is and who needs it.
What the proprietary-school bond actually covers
Michigan’s Proprietary Schools Act (PA 148 of 1943, MCL 395.101 et seq.) licenses private trade, business, technical, and other post-secondary schools. The license is conditioned on a surety bond filed with the Department of Labor and Economic Opportunity (LEO), Proprietary Schools Unit.
The bond is a student-protection guarantee: it protects students who suffer financial loss if the school closes before they complete their program. Because of that, the amount is tied to the fees paid by students who haven’t yet finished their courses — with a statutory minimum of $5,000 — so the bond scales with your unearned tuition.
Surety on the bond expires June 30 each year, and the school must file renewed evidence before then. It is not insurance for the school — if the surety pays a student claim, the school repays the surety. Enter the amount LEO set and we issue it at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the bond amount LEO set — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Proprietary-school bond today.
Five-minute application, flat 3%, $275 minimum. Enter the amount LEO set and file the same day.